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“#Reddit hiring bankers and lawyers ahead of planned $15B IPO: report” Reddit is looking to hire investment bankers and lawyers as part of its plans to go public early next year at a value of more than $15 billion, Reuters reported Thursday. Reddit most recently raised money in a private fundraising round in August at…
“# Users panic after Coinbase mistakenly sends 2FA reset notices to customers ” Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed. On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers,…
“#One World Trade Center reaches deal for entire floor” Cooperation among the owners of One World Trade Center, Advance Communications and JLL to find users for some of Condé Nast’s space in the tower has resulted in a second substantial deal. JLL, Advance’s leasing agent, just completed a 48,000-square-foot sublease for digital marketing specialists Constellation Agency…
“# New funding round sees Reddit gain $4B in valuation since February ” Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February. Six months ago, the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest…
“#Tesla short-seller no longer ‘hostile’ to Elon Musk’s ‘bulls–t’” After slamming Elon Musk as a “liar” for years, short-seller Carson Block says he’s come to develop a “newfound understanding” of the Tesla CEO’s “bulls**t. In a colorful letter obtained by The Post — Block’s first missive to investors since starting Muddy Waters Capital six years ago — the…
“#Could Wall Street and Main Street join to short Robinhood post-IPO?” Could Robinhood’s hotly anticipated IPO make it a short-selling target of both the hedge funds and the “Reddit Rally” retail crowd normally bent on destroying Wall Street? The word on the Street — and among some users of Reddit’s popular WallStreetBets chatroom — is…
“# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points ” Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points….
“#Twitter is testing ‘downvote’ and ‘upvote’ buttons” Twitter is testing a Reddit-style feature that allows users to “downvote” and “upvote” replies, the company said Wednesday. The feature — which the company described as “just a test for research” — is available to an unspecified number of users, according to Twitter. Upvotes will be displayed as…
“#Robinhood IPO faces threat of retail snub on Reddit” Online brokerage Robinhood, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering. Many individual investors are planning to shun the stock market debut,…
“#AMC says plan to issue more shares has been ‘tabled’” AMC said Tuesday that it will scrap a controversial proposal to issue up to 25 million new shares of its surging stock, citing a mixed response to the idea from investors. The world’s largest movie-theater chain — which has been a key beneficiary of this…